Reefton gold mine sheds 51 jobs

SARAH-JANE O'CONNOR
Last updated 10:11 05/08/2014

Relevant offers

Industries

IAG chief Jacki Johnson is New Zealand's top dollar executive Lower Hutt company fined after worker loses four fingers Market crash, not natural disasters, biggest threat to economy Shareholders are spurning Briscoe's takeover offer, says Kathmandu Dairy goat infant formula and waterproof roads get Government cash Inland Revenue hopes to get politics out of its $1b-plus overhaul NakedBus NZ liquidation application filed by Go Bus Aorangi Securities directors receive banning orders for company failures NZX 50 up, NZ dollar below US64c as global markets stabilise Briscoe will not up offer for Kathmandu

A further 50 mining jobs have been lost on the West Coast as OceanaGold Corporation downsizes its Reefton gold mine.

The Australian company made 51 employees at the mine redundant yesterday.

OceanaGold announced in June that it would lose about 60 jobs as the opencast mine wound down to a "care and maintenance" phase.

Yesterday workers found out who had been made redundant in the cuts.

Engineers, Printing and Manufacturing Union West Coast organiser Garth Elliott said he understood 51 workers had been affected.

There were some surprises, with people who thought they were staying finding out otherwise, Elliott said.

"You know it's coming, but when it comes it's still a blow," he said.

In June last year OceanaGold said it would wind-down the Reefton operation and head into a "care and maintenance phase" by mid-2015.

Last week the company posted a first-half profit of US$56.8 million, a US$120m turnaround from last year's first-half loss.

It said that a revised mine plan at Reefton would result in a "slight increase in the life of the mine".

Before the redundancies, the mine employed about 240 staff.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content